Ending the six-month deadlock over transaction of flats, the state government on Friday relaxed registration norms for apartments during purchase. From now on, record of rights (ROR), called patta in local parlance, would not be a prerequisite

BHUBANESWAR: Reforms in the real estate industry, such as bringing in more transparency and setting up of regulatory body, would boost foreign direct investment (FDI) in the sector by at least 20 times, said Confederation of Real Estate Developers' Association of India (Credai).

BHUBANESWAR: The deposited money with the Seashore Group by the investors has been used in many public projects by the Government illegally against the interest of the depositors. In a joint venture with the Government, the money was invested in the OTDC and health projects of the State. Besides, a major portion has been spent in the beautification of river bank of Cuttack, alleged State BJP spokesperson Sameer Mohanty in a Press release here, asking if the money could be returned to the investo

BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Seashore Group’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.

BHUBANESWAR: Scores of investors, duped by several chit fund companies in Odisha, took to the streets here on Wednesday, protesting against the lackadaisical attitude of the government in refunding their imoney.

BHUBANESWAR/CUTTACK: RK Patra, retired Chief Justice of Sikkim High Court and former Chairman of Odisha Human Rights Commisssion, probing the multi-crore chit fund scam in the state will start hear­ing of the case from September 6.

CUTTACK: The Orissa high court on Tuesday rejected the bail application of realtor Tirupati Panigrahi and two of his associates, who were arrested in December last year for allegedly duping land buyers of crores of rupees.

BHUBANESWAR: Investors across the State duped by financial institutions staged a massive rally at the PMG Square here on Wednesday demanding recovery of their money deposited with the fraudulent companies.